Today, the EVP and CFO of Tallgrass Energy GP (TGE), Gary Brauchle, sold shares of TGE for $318.4K.
Following Gary Brauchle’s last TGE Sell transaction on December 11, 2015, the stock climbed by 11.7%. In addition to Gary Brauchle, 8 other TGE executives reported Sell trades in the last month.
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Based on Tallgrass Energy GP’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $207 million and quarterly net profit of $59.78 million. In comparison, last year the company earned revenue of $176 million and had a GAAP net loss of $165 million. TGE’s market cap is $3.87B and the company has a P/E ratio of 23.41. Currently, Tallgrass Energy GP has an average volume of 526.5K.
Based on 3 analyst ratings, the analyst consensus is Moderate Sell with an average price target of $23.67, reflecting a -5.8% downside.
In the last 30 days, insiders have sold $977.7M worth of TGE shares and purchased $25.01M worth of TGE shares. The insider sentiment on Tallgrass Energy GP has been neutral according to 60 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
Gary Brauchle’s trades have generated a 30.5% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Tallgrass Energy LP owns, operates, acquires, and develops midstream energy assets in North America. It operates through following segments: Natural Gas Transportation, Crude Oil Transportation and Gathering, Processing & Terminalling.
